USAA Real Estate Co. to Capitalize Development of Clorox Regional Facility in Atlanta

SAN ANTONIO, March 24 /PRNewswire/ -- USAA Real Estate Company and Industrial Developments International, Inc. announced they will develop a 1,145,378 square foot industrial distribution warehouse for The Clorox Sales Company, a subsidiary of consumer product manufacturer The Clorox Company® in Fairburn, GA.  The property will be owned by US Industrial REIT III Distribution, an affiliate company of USAA Real Estate Company.  A 10-year lease was executed on March 20, 2010 with project completion scheduled for February 2011.

The project will be situated on approximately 72 acres within the Southcreek Industrial Park which is located on I-85 south of Atlanta's Hartsfield-Jackson International Airport.  The established business park is conveniently positioned in the South Atlanta Submarket, Atlanta's second largest in terms of distribution space.  This cross-docked facility will feature 164 docks, 328 trailer storage spaces and an additional 223 auto spaces.

Founded in 1913 and headquartered in Oakland, CA, The Clorox Company® is a leading manufacturer and marketer of consumer products.  The company has 8,300 employees and manufactures products in 15 countries and markets them in more than 100 countries.

"We're appreciative of the opportunity to work on multiple projects for a leading global manufacturer such as The Clorox Company® and also to partner again with the development team at IDI," says Pat Duncan, chairman and CEO of USAA Real Estate Company. "Selecting outstanding and easily accessible sites makes sound business ventures for all parties involved."

USAA Real Estate Company recently signed a 10-year lease agreement with Clorox at its Redlands, California location, and is developing a similar build-to-suit requirement for the company in Chicago. In addition, USAA Real Estate Company and Industrial Developments International, Inc. recently collaborated on a build-to-suit development in Columbia, South Carolina for The Home Depot.

About Industrial Developments International

IDI is a leading, full-service, real estate, property company with a singular focus on industrial real estate.  The company provides development, investment, property management and leasing services supported by eight market-focused offices.  To date IDI has delivered 63 world-class business parks, and developed and acquired 134 million square feet of space in the U.S., Canada and Mexico for a growing roster of national and international clients.  IDI also manages a portfolio of just over 56 million square feet.  IDI's investment portfolio, backed by domestic and international investors in the public and private sector, has total assets in excess of 25 million square feet.  Assets are owned through a combination of development partnerships, long-term hold joint ventures and investment funds.  For more information on IDI, visit www.idi.com.

About USAA Real Estate Company

USAA Real Estate Company, with approximately $5 billion assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies with annual volume transactions exceeding $3 billion. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

SOURCE USAA Real Estate Company

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED